press releases · April 1, 2020

Press Release

April 02, 2020

Agencies will consider comments on Volcker rule modifications following expiration of comment period

Board of Governors of the Federal Reserve System

Commodity Futures Trading Commission

Federal Deposit Insurance Corporation

Office of the Comptroller of the Currency

Securities and Exchange Commission

For release at 11:30 a.m. EDT

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Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as “covered funds.”

The agencies will continue to consider comments to provide interested persons more time to analyze the issues and prepare their comments in light of potential disruptions resulting from the coronavirus. The proposal asked for comments to be submitted by April 1, 2020.

The agencies will continue to work together on policy issues as the coronavirus pandemic unfolds.

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Cite this document
APA
Federal Reserve (2020, April 1). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20200402_agencies_will_consider_comments_on_volcker_rule
BibTeX
@misc{wtfs_press_release_20200402_agencies_will_consider_comments_on_volcker_rule,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2020},
  month = {Apr},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20200402_agencies_will_consider_comments_on_volcker_rule},
  note = {Retrieved via When the Fed Speaks corpus}
}